Alibaba’s total revenue rose by 9% in the latest quarter from a year ago, the slowest on record, according to financial history accessed through Wind Information.
Tencent’s revenue for the quarter was little changed, while JD.com saw a roughly 18% increase from a year ago — both the slowest on record, according to Wind data.
Chinese tech giant Baidu’s mild 1% revenue increase was only the worst since 2020, a year that saw two quarters of revenue decline, Wind data showed.
